The new outlet center, currently in the pre-development stage, will be branded as Tanger Outlets and located 27 miles northwest of Washington, D.C. and 36 miles west of Baltimore.

"This partnership with Peterson Cos. is strategically designed to deliver a world-class outlet center to this exciting Mid-Atlantic market,” said Steven B. Tanger , president and CEO, Tanger Factory Outlet Centers.

The announcement of the latest Tanger Outlets follows the two companies' groundbreaking and ongoing development of Tanger Outlets National Harbor scheduled to open for holiday 2013.